Equinor has sold an 8.07% stake in Norwegian renewable energy solutions provider Scatec at Nkr125 ($13.16) per share, generating around Nkr1.6bn ($168.55m).
Following the transaction, Equinor will retain an 8.05% stake in Scatec and has agreed to a 90-day lock-up period on its remaining shares.
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Equinor first became a minority shareholder in 2018 and increased its stake to 16.12% through acquisitions between 2019 and 2023, at an average cost of around Nkr80 per share, including dividends.
The partnership between Scatec and Equinor on the Apodi and Mendubim solar projects in Brazil remains unchanged by this transaction.
Scatec focuses on expanding access to reliable and affordable clean energy in emerging markets.
As a long-term participant in the sector, the company develops, constructs, owns and operates renewable energy facilities, with a capacity of 6.2GW currently operational and under construction across five continents.
In February this year, Scatec secured financial closure and began construction on the 130MW Barzalosa solar facility in Colombia.
BTG Pactual Comercializadora de Energía, a subsidiary of Brazil’s Banco BTG Pactual, previously signed a 15-year power purchase agreement for the project.
This agreement will cover roughly 85% of the expected output, with the remainder sold into the Colombian electricity market.
In December last year, Equinor, alongside its Brazilian subsidiary Rio Energy, launched commercial operations at the Serra da Babilônia solar facility.
This is the company’s first hybrid solar-wind complex in Brazil.
The complex integrates 140MW of solar capacity with 223MW of wind capacity.
Both the solar facility and the existing wind project are located at Serra da Babilônia, combining solar and wind resources efficiently.
In September 2025, Equinor announced that it intends to maintain its 10% stake in Ørsted by participating in the upcoming rights issue proposed by Ørsted’s board.
The decision aligns with Equinor’s strategy as a long-term industrial shareholder and underscores its commitment to strengthening Ørsted’s financial position amid current industry challenges.
